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State Plan

Alaska 529 Plan



University of Alaska College Savings Plan


Type: Direct sold.

Fund Family: T. Rowe Price

Minimums: To get started you can deposit $250 or set up a monthly payment plan of only $50. The minimum subsequent contribution to Alaska’s 529 plan is $50.

Maximum Contributions: Currently, you can contribute until the combined account balances for a beneficiary reach $320,000 in your Alaska 529 plan. Of course, your total amount in the plan can be higher as your investments grow. 529 plans typically increase the contribution limit over time, so you may be able to contribute more.

Tax Benefits: Alaska does not have a state income tax. However, Alaska residents can have 50% of their Alaska Permanent Fund Distribution (PFD) automatically contributed to the fund.

Residency: The UA College Savings Plan is open to all United States residents, not just those in Alaska.

You can learn more about the UA College Savings Plan at the official web site.


T. Rowe Price College Savings Plan


Type: Direct sold.

Fund Family: T. Rowe Price

Minimums: To get started you can deposit $250 or set up a monthly payment plan of only $50. The minimum subsequent contribution to Alaska’s 529 plan is $50.

Maximum Contributions: Currently, you can contribute until you have $320,000 in your Alaska 529 plan per beneficiary.

Tax Benefits: Alaska does not have a state income tax. You still get the federal tax benefits for investing in 529 plans.

Residency: The Alaska T. Rowe Price College Savings Plan is open to all United States residents, not just those in Alaska.

You can learn more about the T. Rowe Price College Savings Plan at the official web site.


John Hancock Freedom 529 Plan


Type: Advisor sold. You must contact a 529 financial advisor to purchase this plan.

Fund Family: Multiple mutual fund companies

Minimums: Contact advisor

Maximum Contributions: Contact advisor

Tax Benefits: Contact advisor

Residency: Alaska’s John Hancock Freedom 529 Plan is open to all United States residents, not just those in Alaska.

You can learn more about the John Hancock Freedom 529 Plan at the official web site.

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